As we can see from the chart, the price is testing a strong support area for the third time. As long as the volume in this stock is still very high, it means that the support area can confirm this by moving the price higher. At first, I am focused on the first 3 targets as the percentage is not bad at all.
MACD signal lines are crossing again adding more value to...
After testing the support area the price broke out from the triangle as expected. The high volume pushed the price higher and now we can see also an expansion on the MACD signal line that is directed for an upward movement as well confirming in this way the breakout.
Targets:
$10.68 or 17.90%
$11.60 or 28.70%
$12.77 or 42.60%
Extended...
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZKIN closes the monthly candle of March with a strong bullish momentum
-This is the 7th consecutive green candles since September 2020
-The price is above the monthly support of 2017-2018 trading history
-The RSI is above 70 level which is a good sign of strength
-If ZKIN may retest the historical support, it must...
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZK International is currently retesting the 0.618 Fib level
-This zone is a confluence of 20D MA support area
-The pullback from 14.7 dollars down to the current level is still healthy
-We are just looking for another potential Higher Low zone
-The bulls are waiting and looking for the best opportunity
-The 50D MA is...
The price for ZKIN is currently consolidating
after testing the new high @ $15.00.
It is right above the weekly horizontal support
as well as the trendline.
Looking for more upside continuation!
The price is now retesting the support area. As lomg as the price will stay above the support zone more upside expected.
Targets on the charts.
Thank you and Good Luck!
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-We can see ZKIN is having an issue breaking above the 14 dollar zone
-It just printed its 5th rejection candle yesterday which is not a good sign
-This seems to be a profit-taking zone for short term buyers which are the Sellers
-We only have few hours left before this daily candle and weekly closes
-If the price...
In the previous idea, I was waiting for the price to test the $ 9.50- $10 support area in order to buy again. As you can see, the support area was kept very strong again, pushing in the way the price up to the first target. The total price increase was + 46.60%. From March 18 until today, S&P has made a decline of - 2.6%, thus putting pressure on all other related...
Bullish Pennant (76%)
Pros:
Volume during post formation
Descending volume during triangle formation
PPS above 50MA and 200MA
RS above 0 and ascending
R/R ratio above 4
ATR ascending
200MA Ascending
250RSI above 50 and ascending
Target:
PT = 20.45$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due...
From my previous ideas, we can see that the price pushed very strong and made a higher moving move up to $ 14.59. The move was very aggressive, but anyway, every move has to spend some time in correction before moving up again. I'm waiting for a correction up to the $ 9.5 - $ 10 price zone. If you are currently in the buy and the price will not be corrected, then...
ZKIN, a pretty unknown stock as I would consider has made over 600% gains since my first bullish analysis at $2 per share, as now it's being trade above $12 per share!
ZKIN, a stock that has few days ago traded in Dollar value higher than:
- Walmart
- Starbucks
- McDonalds
- Ford Motors
- Coca Cola
- Twitter
and all major Covid vaccination companies!
Also, this...
The price for ZKIN has made a really nice move
since my last week's post
expecting it to test $11.00 once again.
In fact, the price has broken above this resistance.
Will be looking for a quick consolidation
for more upside move!
ZK International's Subsidiary, xSigma Eneters Non-Fungible-Token Market Projected at $1.3 billion in 2021 as it Announces the Launch of its "NFT" Platform on Ethereum and Polkadot Blockchains
The new platform being developed by the developing team at xSigma labs will be an NFT marketplace, which will allow users in the community to buy and sell NFTs, as well as...
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-My previous target of around 8-9 dollars has been achieved
-The price even hit a new Higher High with today's strong breakout
-This up move is followed with big buy volume
-ZKIN is back on its uptrend structure
-Our potential local support is around 10 dollars
-Which is the previous candle body resistance area
-If...
Shout out to Royce Jacob for bringing this stock to my attention. Interesting company that manufactures carbon steel pipes and other types of pipes and strips. They recently announced launched thru a subsidiary owned by ZK a NFT platform that will use Ethereum and polkadot blockchains. Cryptocurrency has become the hottest thing this year and will continue to do...
